Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Test Your Insurance News Knowledge
Dec 16 2011 // Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (see bottom of the page) were developed based on news stories published on InsuranceJournal.com and...
Florida Regulators Allow Bermuda Reinsurer to Operate with Reduced Capital
Dec 15 2011 // Florida has added one more name to the growing list of offshore reinsurers who can do business in the state under a new law allowing them to reduce their capital and collateral requirements. The Florida Office of Insurance...
Employers Offers 5% Workers’ Comp Discount for Florida Businesses
Dec 14 2011 // Some small businesses in Florida will see an automatic 5 percent discount on their workers’ compensation policies through a new program offered by Employers Holdings, Inc. The Florida Office of Insurance Regulation...
Zurich, Patriot National in Deal to Offer Workers’ Comp Captive Program in Florida
Dec 14 2011 // A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services...
Insurer Group PCI Names Brown Florida Regional Manager
Dec 13 2011 // The Property Casualty Insurers Association of America (PCI) has named G. Donovan Brown its new counsel and regional manager for Florida. Brown takes on the government relations role at PCI after a decade in government and...
Florida Underwriter Magazine Shuts Down
Dec 13 2011 // The Florida Underwriter magazine has published its last issue. “Unfortunately, the double demons of our state’s falling economy and the dominance of the Internet over print products have brought us to this...
Florida Turns to Surplus Lines to Help Depopulate Citizens
Dec 9 2011 // Florida lawmakers are considering allowing surplus lines carriers to participate in the depopulation programs of the state’s largest homeowner insurer in an effort to reduce its policyholder rolls. Citizens Property...
Florida Gov. Scott Questions Citizens Insuring High-Risk Construction
Dec 8 2011 // Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp....
Florida Agents Concerned About Homeowners Choice Contract
Dec 7 2011 // Independent agents in Florida are concerned that an appointment contract offered by a Florida homeowners insurer that recently assumed thousands of policies from another company could result in a loss of those...
Florida’s Citizens Insurance Says Legislation Needed for Real Change
Dec 6 2011 // Florida’s largest homeowner insurer is offering a slate of coverage changes, but concedes that without legislative changes there will be little reduction in its exposure or policyholder count. Gov. Rick Scott last...
Drug Enforcer Anderson Named Florida’s Insurance Fraud Investigator
Dec 6 2011 // Florida Chief Financial Officer Jeff Atwater has named Daniel Anderson to serve as the state’s lead insurance fraud investigator. Anderson will take over as the director of the state’s Division of Insurance...
Business Moves
Dec 5 2011 // Marsh & McLennan Agency, Seitlin Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., has acquired Seitlin Insurance, one of the largest insurance brokers in south Florida. Terms of the...
Insurer Pays in Florida Rental Car Crash
Dec 5 2011 // A rental car customer’s insurer must cover crash injuries, even though an unauthorized driver was behind the wheel. That’s what the Florida Supreme Court decided in a 5-2 opinion recently. The majority ruled in...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
Florida’s Citizens Plans Condo Rate Hike
Dec 5 2011 // Florida residents in high-value condominium buildings insured by the state-backed insurer could see their premiums rise 19 percent. Rates charged by Citizens Property Insurance Corp. for its commercial residential...
Shrink Rap
Dec 5 2011 // Ah, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort but, of course, it has ballooned to become the first and only choice for many property owners in Florida. Now there is a serious...
Florida’s Citizens Suggest Steps to Reduce Its Exposure
Dec 1 2011 // Florida’s largest property insurer wants to roll back coverage on high-value homes and lower its coverage limits on homeowners’ liability, as part of a broader plan to reduce its exposure in the state. Florida...
Apollo of Florida Transfers Auto Book to Omni
Dec 1 2011 // A.M. Best Co. has withdrawn the financial strength rating of C++ (Marginal) and issuer credit rating of “b” of Apollo Casualty Co. of Florida, headquartered in Des Plaines, Ill., due to its business being...
Florida’s HomeWise Insurance Ordered Into Liquidation
Nov 30 2011 // A Florida judge has ordered a homeowners’ insurer to shut its doors and hand its business affairs over to the state after state regulators found it no longer has enough money to pay its bills. Florida’s...
Florida Convicts North Carolina Man in $2.7 Million Workers’ Comp Fraud
Nov 30 2011 // A North Carolina man has been sentenced to four years in a Florida prison and ordered to pay more than $3.1 million in restitution after pleading guilty in a workers’ compensation fraud case, according to...
